{"id":105,"date":"2026-10-01T10:00:00","date_gmt":"2026-10-01T10:00:00","guid":{"rendered":"https:\/\/www.michellewoodrealtor.com\/blog\/?p=105"},"modified":"2026-10-01T10:00:00","modified_gmt":"2026-10-01T10:00:00","slug":"us-buyers-navigate-14-month-cost-high","status":"publish","type":"post","link":"https:\/\/www.michellewoodrealtor.com\/blog\/2026\/10\/01\/us-buyers-navigate-14-month-cost-high\/","title":{"rendered":"US Buyers Navigate 14-Month Cost High"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/michelle-wood-1\/mortgage-costs-high-0a00\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>It\u2019s been a challenging stretch for homebuyers across the US\u2014by late Q3, the typical monthly payment reached $2,600, the highest point in 14 months. This came as mortgage costs continued to climb and median sale prices held steady, with the national median home-sale price nudging up about 2% over last year to roughly $399,000. That\u2019s put real pressure on affordability, and as a result, pending sales stayed flat month-over-month and actually slipped compared to last year.<\/p>\n<p>I\u2019ve seen firsthand how these numbers play out here in Biloxi, both for families looking for their first home and for seasoned investors. When you\u2019re facing higher costs, a thoughtful seller strategy really matters. About 21% of active listings nationwide made price cuts, and as one agent put it, pricing sharply can draw in buyers\u2014while overpricing tends to make folks hesitate. It\u2019s a balance we work hard to get right.<\/p>\n<p>Inventory is also showing signs of improvement, with active supply up around 2% year-over-year to 1.5 million homes, and supply hovering near four months\u2014still not quite a balanced market, but moving in the right direction. For anyone feeling overwhelmed by the numbers, know that you\u2019re not alone. Whether you\u2019re searching for a new place to call home or thinking about listing, I\u2019m always here to share what\u2019s happening on the ground and help you make informed decisions.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s been a challenging stretch for homebuyers across the US\u2014by late Q3, the typical monthly payment reached $2,600, the highest point in 14 months. This came as mortgage costs continued to climb and median sale prices held steady, with the national median home-sale price nudging up about 2% over last year to roughly $399,000. That\u2019s [&hellip;]<\/p>\n","protected":false},"author":267,"featured_media":106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.michellewoodrealtor.com\/blog\/wp-json\/wp\/v2\/posts\/105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.michellewoodrealtor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.michellewoodrealtor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.michellewoodrealtor.com\/blog\/wp-json\/wp\/v2\/users\/267"}],"replies":[{"embeddable":true,"href":"https:\/\/www.michellewoodrealtor.com\/blog\/wp-json\/wp\/v2\/comments?post=105"}],"version-history":[{"count":1,"href":"https:\/\/www.michellewoodrealtor.com\/blog\/wp-json\/wp\/v2\/posts\/105\/revisions"}],"predecessor-version":[{"id":107,"href":"https:\/\/www.michellewoodrealtor.com\/blog\/wp-json\/wp\/v2\/posts\/105\/revisions\/107"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.michellewoodrealtor.com\/blog\/wp-json\/wp\/v2\/media\/106"}],"wp:attachment":[{"href":"https:\/\/www.michellewoodrealtor.com\/blog\/wp-json\/wp\/v2\/media?parent=105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.michellewoodrealtor.com\/blog\/wp-json\/wp\/v2\/categories?post=105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.michellewoodrealtor.com\/blog\/wp-json\/wp\/v2\/tags?post=105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}